Real Estate Market News

Latest News

These articles feature the latest real estate market news and expert analysis by members of the Paul Rushforth Real Estate team

The market is always changing, so check this section often to learn about the latest conditions.

  • Despite Lower Sales in December, Ottawa Real Estate Market Ends 2018 On a High Note January 07, 2019

    Thanks to great employment rates and continued affordability, 2018 was a year of steady growth. Despite the mortgage stress test of January 2018 contributing to lower inventory and more hurdles, particularly for first-time homeowners, over 17,000 happy homeowners found their dream properties. When l…

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  • Ottawa’s Market the Strong One in November 2018 December 12, 2018

    When compared to the rest of the country, Ottawa’s real estate market is the odd one out. “Our market fundamentals are very strong, and we have experienced steady growth for many years, and indeed decades,” says Ottawa Real Estate Board President Ralph Shaw. “Even though home sales are down this mon…

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  • Ottawa Home Sales Up a Brisk 11.8% in October 2018 November 05, 2018

    The cold, wet weather didn’t dampen buyers’ enthusiasm for house hunting. Here are the October 2018 numbers: Total number of units sold: 1,383 - an increase of 11.8% from 1,237 in October 2017. Five year average unit sales for October: 1,223. “October’s sales are truly indicative of the fast-paced…

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  • Lower Supply Spurring the Increase in Prices October 10, 2018

    As we moved into September, housing prices continued to stay above average for this time of year. “We continue to experience supply-side issues going into our fall market,” states Ottawa Real Estate Board President Ralph Shaw. “Economic fundamentals are at play in our market with a lack of supply p…

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  • Busy Summer Indicative of an Active Market for the Foreseeable Future September 10, 2018

    Ottawa had a busier than normal summer this year. Ottawa Real Estate Board President Ralph Shaw doesn’t expect the market pace to change. “Our real estate market has had a busier than usual summer season, and we are shaping up for a busy fall period as well,” Shaw says. “An active market is likely t…

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  • More Homes for Sale in July Expected to Ease Pressure on Prices August 14, 2018

    Thanks to a robust condo market and increasing rural sales, Ottawa’s real estate continued its trend upwards this past month. Here are the July 2018 numbers: Total number of units sold: 1,614 - an increase of 5.9% from 1,524 in July 2017. Five year average unit sales for July: 1,501. Here are the …

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  • Decreasing Days on Market Proof of High Demand for Homes in June July 13, 2018

    Summer has officially arrived, and the market is still busy for both buyers and sellers. While there was a small dip in total number of units sold and residential-class properties, this is not due to a lack of demand - just lower inventory. The average number of days on the market for residential an…

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  • May 2018 Proves Spring Real Estate is Still Buzzing June 06, 2018

    While we didn’t beat last year’s record, May 2018 was a busy month for Ottawa realtors. Here are the May 2018 numbers: Total number of units sold: 2,279, down 0.7% from 2,294 in May 2017. Five year average unit sales for April: 2,041. The breakdown: Number of residential-class properties sold: 1,…

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  • April Home Sales Up 13.6% Despite the Chill May 08, 2018

    Despite the chilly April weather, the Ottawa real estate market was on fire. Here are the April 2018 numbers: Total number of units sold: 2,032 - an increase of 13.6% over 1,788 in April 2017. Five year average unit sales for April: 1,704. The breakdown: Number of residential-class properties sol…

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  • Market Continues to ‘Spring’ into Action April 09, 2018

    While the official arrival of spring was March 20, the real estate market didn’t wait for the calendar. We are now well into the seasonal market, and buyers continue to be active. Here are the March 2018 numbers: Total number of units sold: 1,660 - up 12.3% from March 2017 Five year average unit sa…

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